In this chart we are looking for short position in XAUUSD in 1H timeframe.
Supply Zone: The marked supply zone ($2,671.37–$2,677.10) is a potential area of resistance. Price could reverse here if sellers dominate.
Confirmation: Look for bearish price action within or slightly above the supply zone: Rejection candles (e.g., pin bars or engulfing patterns). Lower timeframe breakdowns near the zone.
Entry: Entry zone ($2,672-$2676)
Targets: First target: $2,655. Second target: $2,639. Extended target: $2,620, depending on momentum.
Stop-Loss: Place above the supply zone around $2,684 avoid getting stopped out by false breakouts.
Risk Factors: A strong bullish breakout above the supply zone could invalidate the short setup.
Keep an eye on market sentiment and key news events that could fuel gold volatility.
ALWAYS USE STOPLOSS AND TAKE PROFIT AS WELL AS RISK MANAGEMENT FOR YOUR TRADES. ITS JUST MY ANALYSIS OR PREDICTION LET'S SEE WHAT WILL HAPPEN IF YOU LIKE MY IDEA SO SUPPORT ME AND BOOST TO APPRECIATES.
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